Gold Futures Rose 5 Weak Bucks

Gold rose in Asia as a weaker U.S. dollar helped boost the appeal of the precious metal as an alternative investment.

The dollar traded near a two-week low versus the Euro and fell against higher-yielding currencies on speculation reports will show a U.S. housing recession is deepening.

Gold for immediate delivery climbed as much as $3.05, or 0.3 percent, to $908.25 an ounce and traded at $907.40, Bloomberg reported.

Gold for April delivery gained as much as $4.90, or 0.5 percent, to $911 an ounce and traded at $910.10 as of 10 a.m. Singapore time in after-hours electronic trading on the Comex division of the New York Mercantile Exchange.